Mark Zelmer, Deputy Superintendent, Regulation Sector, OSFI
Roundtable Luncheon - Asset Managers and Global Financial Stability
Mark Zelmer was appointed Assistant Superintendent, Regulation Sector, in December 2011. In August 2013 he was named Deputy Superintendent.
In this executive role, he is responsible for capital and accounting issues; actuarial policies and reviews; regulatory approvals and compliance; guidelines, regulations and interpretations.
Mr. Zelmer represents OSFI on the Basel Committee on Banking Supervision and the Financial Stability Board’s Standing Committee on Supervisory and Regulatory Cooperation. He also co-chairs the Financial Stability Board’s work-stream on non-bank/non-insurance entities, which is currently exploring the potential vulnerabilities associated with asset managers and their investment funds.
Prior to joining OSFI, he was at the Bank of Canada where he held numerous positions since 1985, most recently as Chief of its Financial Stability Department. In this role, he represented the central bank on the Basel Committee on Banking Supervision and was co-chair of the Committee’s Macroprudential Supervision Group.
He also served at the International Monetary Fund (IMF) as Senior Economist and Deputy Division Chief in the Monetary and Exchange Affairs Department from 2000 to 2003.
Mr. Zelmer holds a Master of Science, Business Administration (Finance) degree from the University of British Columbia and a Bachelor of Commerce Honours degree in Finance from Queen’s University.
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